FTSE 100 movers: Meggitt disappoints with falling profits, airlines drop
5th Aug 2014 14:50
Shares in Meggitt dropped sharply after it said profits dropped in the first half, reflecting the impact of currency headwinds and disposals on revenue. Underlying pre-tax profit sank 21% to £143.8m, well below analysts' forecasts. Airline peers IAG and Easyjet were reeling in afternoon trade on ru
Read moreLondon midday: UK stocks bounce despite mixed earnings
5th Aug 2014 11:57
- Aggreko, Standard Life, Old Mutual rise after results - Meggitt, IHG and Fresnillo disappoint - UK services PMI, Eurozone retail sales beat forecasts - Chinese services PMI drops to key 50-point mark techMARK 2,734.64 -0.25% FTSE 100 6,702.33 +0.37% FTSE 250 15,370.24 +0.05% UK stocks advanced o
Read moreTuesday broker round-up UPDATE
5th Aug 2014 11:02
Acal: FinnCap initiates with a target price of 322p and a buy recommendation. Afren: UBS reduces target price from 200p to 135p and stays with its buy recommendation. Aggreko: WH Ireland ups target price from 1800p to 1850p and stays with a buy recommendation. Alent: Numis increases target price
Read moreFriday broker round-up UPDATE
1st Aug 2014 10:33
AstraZeneca: Deutsche Bank ups target price from 3950p to 4000p staying with its hold recommendation. Avacta: Numis places both its target price and its buy recommendation under review. Barclays: Berenberg upgrades from sell to hold with a target price of 220p. Bodycote: UBS shifts target price f
Read moreLondon close: FTSE lower on US fed, Russian sanctions, corporate news
31st Jul 2014 16:59
- FTSE closes down 43.44 at 6,730.11 - Eurozone CPI comes in at 0.4% - UK house prices rise slowest since April 2013 techMARK 2,764.95 -0.52% FTSE 100 6,730.11 -0.64% FTSE 250 15,495.64 -0.86% The FTSE 100 suffered a drop in both early and late trade, ultimately closing 43.33 points lower at 6,730
Read moreBroker tips: Lloyds, Shell, Weir, Afren
31st Jul 2014 12:59
Better-than-expected second-quarter results from Lloyds Banking Group have prompted Investec to repeat its 'buy' recommendation for the stock. "The market has, (quite rightly in our view), taken disclosure of Lloyds' 'reprehensible' LIBOR manipulation and (immaterial) £0.2bn fine in its stride," sa
Read moreNumis upbeat about Weir's prospects, but shares at "fair value"
31st Jul 2014 12:49
Numis Securities has kept an upbeat view of Weir after the engineering group's in-line interim results, but reiterated its 'hold' rating on the stock, saying the current valuation is full. "We continue to view Weir as a high quality business with leading market positions, excellent margins and stro
Read moreLondon midday: Earnings come in mixed as investors watch US data, Fed
31st Jul 2014 12:04
- Shell, BG Group and Intu lead the risers - Weir, Schroders and Lloyds fall - Afren drops after suspending directors - US data and Fed keep investors cautious techMARK 2,763.54 -0.57% FTSE 100 6,763.04 -0.15% FTSE 250 15,495.73 -0.86% London stocks were trading in the red for a second straight da
Read moreThursday broker round-up UPDATE
31st Jul 2014 09:30
Afren: Oriel places both target price and recommendation under review. Canaccord Genuity places both its target price (prev.: 150p) and its hold recommendation under review. Investec places its target price (prev.: 195p) under review and downgrades from buy to hold. Arbuthnot: Numis ups target pric
Read moreLondon open: Stocks flat as investors digest corporate earnings
31st Jul 2014 09:15
- Lloyds falls despite H1 profit beat - Shell, BG, BT and Diageo rise after results - Weir and Rolls-Royce disappoint - US data and Fed in focus techMARK 2,771.22 -0.29% FTSE 100 6,777.11 +0.05% FTSE 250 15,521.52 -0.69% Another wave of corporate earnings was keeping investors busy on Thursday mor
Read moreWeir Group's first-half earnings hurt by challenging mining sector
31st Jul 2014 08:40
- Pre-tax profit and revenue fall - Growth expected in H2 - Dividend raised 70% Engineer Weir Group's pre-tax profit slid in the first half, reflecting adverse foreign exchange currency exchange rate movements and challenging conditions in the mining industry. Pre-tax profit dropped 6% to £182m c
Read moreLondon close: FTSE ends lower as investors await Fed Reserve minutes
7th Jul 2014 16:59
- FTSE closes down 42.54 at 6,823.51 - Oil, housing stocks fall - Investors await Fed Reserve meeting techMARK 2,843.77 -0.42% FTSE 100 6,823.51 -0.62% FTSE 250 15,892.30 -0.98% As had been widely anticipated, the UK market headed lower in today's session, tracking a fairly steady downwards path t
Read moreFTSE 100 movers: Weir rises after broker upgrade
7th Jul 2014 15:57
Drugs giant AstraZeneca rose strongly in today's session on reports investor Neil Woodford has selected the group "as the single biggest investment for his new fund", according to The Daily Telegraph, which said 8.2% of the £1.6bn fund had been put towards the group. Engineering group Weir was a h
Read moreBroker tips: Weir, Rio Tinto, Polymetal, Clinigen
7th Jul 2014 12:39
Shares in Weir Group were making decent gains on Monday morning after the stock was upgraded from 'neutral' to 'buy' at Citigroup, which said that the engineer's opportunities in oil and gas are "underappreciated" by the market. The bank said that "Weir deserves a premium rating to the sector to re
Read moreLondon midday: Investors take profits after recent run
7th Jul 2014 12:09
- UK stocks retreat after recent rally, US futures fall - UK manufacturing confidence and German industrial production both retreat - Antogasta, Anglo lead mining stocks lower - Weir Group gains after Citigroup upgrade techMARK 2,848.48 -0.25% FTSE 100 6,850.83 -0.22% FTSE 250 15,943.09 -0.67% It
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